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Made Tech Group (LON:MTEC) Shares Down 1.4% - Should You Sell?

Made Tech Group logo with Computer and Technology background

Made Tech Group Plc (LON:MTEC - Get Free Report)'s stock price dropped 1.4% during trading on Tuesday . The stock traded as low as GBX 34 ($0.45) and last traded at GBX 34 ($0.45). Approximately 115,096 shares were traded during trading, a decline of 69% from the average daily volume of 375,333 shares. The stock had previously closed at GBX 34.50 ($0.46).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 55 ($0.73) price objective on shares of Made Tech Group in a report on Tuesday, July 8th.

Get Our Latest Report on MTEC

Made Tech Group Trading Down 1.3%

The stock has a market cap of £50.11 million, a price-to-earnings ratio of -20.43 and a beta of 0.90. The stock's 50-day simple moving average is GBX 33.15 and its 200-day simple moving average is GBX 29.

About Made Tech Group

(Get Free Report)

Made Tech Group Plc provides digital, data, and technology services to the public sector in the United Kingdom. It offers digital delivery, embedded capabilities, data infrastructure and insights, and legacy application transformation services. The company provides services that enable central government, healthcare, and local government organizations to digitally transform.

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